PKP Intercity to invest PLN 7 bln in stock upgrades

State-owned passenger railway operator PKP Intercity plans to invest over PLN 7 billion till end-2023 on rolling stock modernization, the company said in its updated 2016-2020 strategy. The company will finance the investments from own funds as well as funding from parent company PKP and external institutions plus nearly PLN 790 million in EU subsidies. The plan will cover 80 percent of its stock and will cover the modernization and purchase of wagons, locomotives and electric multiple units. Some of the will be adapted to speeds over 200 km/h. On top of it, after the conclusion of the scheme, some 80 percent of the stock will have electrical outlets, 94 percent air conditioning, while at least 77 percent will have onboard internet.